First Republic Bank
JPMorgan begins First Republic makeover as it opens more branches
JPMORGAN Chase is preparing to overhaul branches it acquired from failed First Republic Bank as the lender expands its formidable national footprint.
US FDIC is probing former First Republic Bank directors and officers
THE Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank, raising the prospect of stiff penalties for the failed ba...
JPMorgan profit jumps on higher interest income as First Republic lifts earnings
JPMORGAN Chase posted a 67 per cent jump in profit for the second quarter on Friday (Jul 14) as it earned more from borrowers’ interest payments and benefited from the purchase of First Republic Bank....
JPMorgan to close 21 First Republic Bank branches
JPMorgan will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed lender into its operations, a JPMorgan spokesperson said on Thursday (Jun 1).
US bank deposits fall at record pace in Q1 as profits remained steady: FDIC
US banks saw total deposits decline by a record 2.5 per cent in the first quarter of 2023, and industry-wide profits were relatively flat after taking into account the effects of two large bank failur...
JPMorgan notifies some First Republic employees of job losses: source
JPMORGAN Chase & Co has notified nearly 1,000 First Republic Bank employees that they will no longer have a job as it integrates the failed lender it bought earlier this month, a person familiar with ...
First Republic’s US$35 million banker out-earned JPMorgan’s Dimon before bust
FIRST Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually doomed the firm.
JPMorgan boosts net interest outlook on First Republic deal
JPMORGAN Chase will gain an even bigger benefit from rising interest rates because of its purchase of First Republic Bank.
This slow-burn financial crisis could still bring on a recession
THE wave of US bank runs that began with Silicon Valley Bank’s digital customer deluge in March is still wiping out small and mid-sized banks, and strategists say it can only end in recession or gover...
Federal Reserve data shows failed bank First Republic was key central bank borrower
FEDERAL Reserve data on Thursday showed a large part of the central bank’s emergency lending activities in recent weeks were tied up with the now-shuttered First Republic Bank.
